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Sprint Corporation Message Board

  • bjspokanimal bjspokanimal Oct 14, 2011 3:54 PM Flag

    Why Repeat the Mistakes of Nextel

     

    Like everybody else at that analyst's meeting last friday, I came away convinced that Sprint's strategy is "Nextel II".

    Dan Hesse is a CRAZY MAN... we spend $5 billion building a state-of-the-art wireless infrastructured at Clearwire...

    ... then we walk away from that and spend $5 billion more to build the same, d@nm thing all over again.

    Absolutely INSANE.

    S

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    • Good point, but shouldn't be too surprising based on Sprint's incredibly poor use of tech investment in the past. Example: $3.3 billion for ION - and then dropped the initiative abruptly without getting ANYTHING out of the investment. $39 billion for Nextel - and then failing to integrate, thus having to spend additional billions for re-band (government mandate) THEN announcing (for the second time) they were integrating push-to-talk into the CDMA network. After years and years... After there's no longer any real market for it (which Verizon found out itself in 2005 before relegating its offering to the, "mehhhh" category)
      GlobalOne anyone?
      Buying Forsee out of a Bell South non-compete?
      ...etc...

    • Sprint has invested $8.58B in cash, spectrum, and wimax related assets in CLWR.

      I wish it was only $5B. The other $3.58B would make a big difference right now.

    • ... about $25 billion. If Moodys drops sprint's debt rating another notch, as they've indicated they'll likely do, (to B2)...

      ... then Sprint could be paying almost 12% on their new, network vision debt and the debt they'll have to rollover from 7% next spring and the following spring.

      From my perspective, it's a financial vortex.

      S

      • 1 Reply to bjspokanimal
      • Hesse bases Sprints future on increaded debt, another Moody's debt rating cut, limited spectrum and LightSquared upcoming train wreck?

        Is this how a compentent CEO acts and how a Sprint board conducts their due diligence?

        At some point the SEC needs to review the recent actions of Sprint executives and the Sprint board, since neither group is looking out for the welfare of Sprint investors, much less the welfare of Sprint.

 
S
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